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ocramolop
Returning Member

Bonus Depreciation - Car Purchase

I've been reading through Q & A's, but can't seem to find the answer I'm looking for.

 

I am a W-2 employee and I also have income from a Sole Proprietorship. I need a new car and was looking at leveraging the Bonus Depreciation while it's at 100% through this year. I will have an alternate vehicle available for personal use, so I will use the new car (6,000+lbs) for 100% business use in 2022. However, long term this will convert to some % split of personal and business. What are the tax ramifications of taking a 100% deduction for 2022 but then converting to a 51%/49% use of the vehicle next year? Is there some kind of schedule published for depreciation recapture on this scenario? 

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